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Days Inventory is also known as Days Sales of Inventory (DSI). Six Flags Entertainment's Average Total Inventories for the three months ended in Dec. 2023 was $35 Mil. Six Flags Entertainment's Cost of Goods Sold for the three months ended in Dec. 2023 was $23 Mil. Hence, Six Flags Entertainment's Days Inventory for the three months ended in Dec. 2023 was 138.95.
The historical rank and industry rank for Six Flags Entertainment's Days Inventory or its related term are showing as below:
During the past 13 years, Six Flags Entertainment's highest Days Inventory was 385.88. The lowest was 76.10. And the median was 86.85.
Six Flags Entertainment's Days Inventory declined from Dec. 2022 (192.13) to Dec. 2023 (138.95).
Inventory Turnover measures how fast the company turns over its inventory within a year. Six Flags Entertainment's Inventory Turnover for the three months ended in Dec. 2023 was 0.66.
Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Six Flags Entertainment's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.12.
The historical data trend for Six Flags Entertainment's Days Inventory can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Six Flags Entertainment Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Days Inventory | Get a 7-Day Free Trial | 86.46 | 385.88 | 96.48 | 121.64 | 126.36 |
Six Flags Entertainment Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Days Inventory | Get a 7-Day Free Trial | 192.13 | 401.01 | 110.42 | 86.68 | 138.95 |
For the Leisure subindustry, Six Flags Entertainment's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
For the Travel & Leisure industry and Consumer Cyclical sector, Six Flags Entertainment's Days Inventory distribution charts can be found below:
* The bar in red indicates where Six Flags Entertainment's Days Inventory falls into.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Six Flags Entertainment's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as
Days Inventory (A: Dec. 2023 ) | |||||||||
= | Average Total Inventories | / | Cost of Goods Sold | * | Days in Period | ||||
= | ( (Total Inventories (A: Dec. 2022 ) | + | Total Inventories (A: Dec. 2023 )) | / | count ) | / | Cost of Goods Sold (A: Dec. 2023 ) | * | Days in Period |
= | ( (44.811 | + | 31.624) | / | 2 ) | / | 110.397 | * | 365 |
= | 38.2175 | / | 110.397 | * | 365 | ||||
= | 126.36 |
Six Flags Entertainment's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:
Days Inventory (Q: Dec. 2023 ) | |||||||||
= | Average Total Inventories | / | Cost of Goods Sold | * | Days in Period | ||||
= | ( (Total Inventories (Q: Sep. 2023 ) | + | Total Inventories (Q: Dec. 2023 )) | / | count ) | / | Cost of Goods Sold (Q: Dec. 2023 ) | * | Days in Period |
= | ( (38.298 | + | 31.624) | / | 2 ) | / | 22.96 | * | 365 / 4 |
= | 34.961 | / | 22.96 | * | 365 / 4 | ||||
= | 138.95 |
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Six Flags Entertainment (NYSE:SIX) Days Inventory Explanation
Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:
1. Inventory Turnover measures how fast the company turns over its inventory within a year.
Six Flags Entertainment's Inventory Turnover for the three months ended in Dec. 2023 is calculated as
Inventory Turnover | = | Cost of Goods Sold | / | Average Total Inventories |
= | 22.96 | / | 34.961 | |
= | 0.66 |
2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.
Six Flags Entertainment's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as
Inventory-to-Revenue | = | Average Total Inventories | / | Revenue |
= | 34.961 | / | 292.551 | |
= | 0.12 |
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Be Aware
A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.
Thank you for viewing the detailed overview of Six Flags Entertainment's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Derek Sample | officer: Chief Accounting Officer | C/O SIX FLAGS ENTERTAINMENT CORPORATION, 1000 BALLPARK WAY, SUITE 400, ARLINGTON TX 76011 |
Aimee Williams-ramey | officer: CHIEF LEGAL OFFICER | C/O SIX FLAGS ENTERTAINMENT CORPORATION, SUITE 400, ARLINGTON TX 76011 |
Gary Mick | officer: CHIEF FINANCIAL OFFICER | C/O SIX FLAGS ENTERTAINMENT CORPORATION, 1000 BALLPARK WAY, SUITE 400, ARLINGTON TX 76011 |
Marilyn G Spiegel | director | ONE CAESARS PALACE DRIVE, C/O CAESARS ENTERTAINMENT, LAS VEGAS NV 89109 |
Rehan Jaffer | 10 percent owner | C/O H PARTNERS MANAGEMENT, LLC, 888 SEVENTH AVENUE, 29TH FLOOR, NEW YORK NY 10019 |
Arik W Ruchim | director | 600 CORPORATION DRIVE, PENDLETON IN 46064 |
Chieh E. Huang | director | C/O GIDDY INC., 451 BROADWAY, 2ND FLOOR, NEW YORK NY 10013 |
Stephen Purtell | officer: Interim CFO | C/O SIX FLAGS ENTERTAINMENT CORPORATION, 1000 BALLPARK WAY, SUITE 400, ARLINGTON TX 76011 |
Justin Hunt | officer: Principal Accounting Officer | C/O SIX FLAGS ENTERTAINMENT CORPORATION, 1000 BALLPARK WAY, SUITE 400, ARLINGTON TX 76011 |
Selim A Bassoul | director | C/O MIDDLEBY CORP, 1400 TOASTMASTER DRIVE, ELGIN IL 8477413300 |
Wilson Taylor Brooks | officer: VP, Chief Accounting Officer | 2020 RAISINTREE DRIVE, FORT WORTH TX 76244 |
Mike Spanos | director | PEPSICO, INC., 700 ANDERSON HILL ROAD, PURCHASE NY 10577 |
Denise M. Clark | director | C/O AMC ENTERTAINMENT HOLDINGS INC, 11500 ASH STREET, LEAWOOD KS 66211 |
Kurt Matthew Cellar | director | 71 ROTON AVENUE, NORWALK CT 06853 |
Nancy A Krejsa | director | 292 SOUTH OLD CREEK ROAD, VERNON HILLS IL 60061 |
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